Buss 348:Business And Government Question Paper
Buss 348:Business And Government
Course:Business Administration
Institution: Kenya Methodist University question papers
Exam Year:2011
SCHOOL : SCHOOL OF BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any Other TWO Questions
Question 1
a) Explain the following terms
i) Public expenditure (5marks)
ii) Fiscal policy (5marks)
iii) Economic integration (5marks)
iv) International trade. (5marks)
b) Explain five limitation of government regulation on business. (10marks)
Question 2
a) Price and market mechanism creates economic freedom and efficiency. Discuss the behaviour of market forces and the economic role of the government. (10marks)
b) The government describes the rules of business game. Explain FIVE types of rules prescribed to control business behaviour. (10marks)
Question 3
a) Discuss the importance of government budgeting as an instrument of planning. (10marks)
b) Describe the function of taxation to government. (10marks)
Question 4
a) There are barriers to government and business relationship. Discuss five reasons why there is clash of ethics in the relationship. (10marks)
b) Explain measure taken by the government to protect the society from exploitations business. (10marks)
Question 5
a) Discuss factors that have encouraged globalization and liberalization. (10marks)
b) Kenya investors are moving out to the emerging market in East Africa region to capture the business opportunities. Explain the advantages of private foreign investors.(10marks)
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